Galantas Gold Corporation said its latest drill results from the Gairloch project in Scotland confirmed the potential for a district-scale polymetallic project. MINERALISATION The Canadian company drilled the second exploration hole 23-GL-02 to a depth of 50 metres as a step back from hole 23-GL-01, testing the Kerry Road deposit. The drillhole intersected 1.88 g/t […]
Tag: zinc
Galantas finds cobalt-vanadium at Gairloch
Galantas Gold Corporation said it had discovered a range of metals including cobalt and vanadium in the first exploration drillhole at the Gairloch polymetallic project Wester Ross, Scotland. POTENTIAL The Canadian company, targeting the Kerry Road gold-bearing volcanogenic massive sulphide deposit, also found copper, silver, titanium and zinc. Hole 23-GL-01 intersected 2.87% copper, 0.77 g/t […]
Sunrise samples show high grades at Reese Ridge
Sunrise Resources plc received high zinc, lead and silver grades from analysis of samples collected from its Reese Ridge project in central Nevada, USA. RESULTS The project lies on the south side of the prospective Humboldt structural zone, 52 miles south-southwest of Battle Mountain. A previous mapping sample yielded 15.9% zinc and the company has […]
Arkle swings to a loss in a ‘good exploration year’
Arkle Resources plc swung to loss from its activities during 2022 but experienced a “good exploration year”. FINANCES The group holds gold, zinc and lithium interests in Ireland and has expanded its interests to a small licence area for lithium in Zimbabwe. Full year results ended December 2022 show a loss of €299,214 (2021: profit […]
Arkle shareholder reduces holding to below 3%
Arkle Resources plc shareholder Andrew Batchelor is reported to have more than halved his shares in the company to below 3%. In April 2023, Mr Batchelor increased his holding to 25 million ordinary shares, representing 6.32% of the issued share capital. The Irish gold and zinc exploration company yesterday said that, following a recent review […]
Golden Metal’s targets add ‘significant potential’ to Pilot
Golden Metal Resources plc has identified three “significant” exploration targets which could increase the resource potential for its flagship Pilot Mountain tungsten project in Nevada, USA. ZONES Results from a high-resolution induced polarisation geophysics survey showed undrilled targets of Desert Scheelite parallel west zone; Porphyry depths zone; and Desert Scheelite east extension zone all within the Walker Lane […]